Oireachtas Joint and Select Committees
Thursday, 1 June 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
9:00 am
Mr. Seamus McCarthy:
Where a company is in a start-up situation and effectively not making any profit, it would not be paying any tax but could be benefiting from a payment. That is the type of company that is at risk of getting into a bind if it makes a mistake and claims a payable credit and subsequently it is found it is not entitled to that. It can then get caught into a kind of cash bind.
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